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S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

‘Top Gun: Maverick’ Soars Past $1 Billion, Overtakes ‘Doctor Strange 2’ as the Highest-Grossing Movie of the Year Globally

Reuters
LOS ANGELES, June 26 (Variety.com) – Paramount’s all-American blockbuster “Top Gun: Maverick” is still flying high at the box office, crossing the coveted $1 billion over the weekend. With those ticket sales, the movie has overtaken Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” ($943 million) as the......

Samsung Australia fined $9.7 mln over false water-resistance claims

Reuters
A woman tries out a Samsung Electronics’ Galaxy Note 8 at its store in Seoul, South Korea, October 11, 2017. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June 23 (Reuters) – Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics......

Big Tech bill advocates and critics keep pressure on U.S. lawmakers

Reuters
The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 21 (Reuters) – Supporters of a U.S. bill aimed at reining in Big Tech platforms like Amazon.com (AMZN.O) and Alphabet’s Google (GOOGL.O) have flooded lawmakers with......

Warren Buffett charity lunch fetches winning bid of $19 mln

Reuters
June 17 (Reuters) – A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid in the eBay auction that ended on......

Regulator calls for Big Tech privacy cases to be handled by EU watchdog

Reuters
The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 17 (Reuters) – Cross-border Big Tech privacy cases should be handled by the EU watchdog rather......

Sony, Honda sign JV to sell electric cars by 2025

Reuters
June 17 (Reuters) – Japan’s Sony (6758.T) and Honda Motor (7267.T) on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor (7203.T), has been slower to shift to electric vehicles (EV) than global automakers and is......

Analysis: Investors worry that U.S. profit forecasts are too high

Reuters
A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Concerns are growing that U.S. corporate earnings are increasingly......

Qualcomm wins fight against $1 bln EU antitrust fine

Reuters
LUXEMBOURG, June 15 (Reuters) – U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018......

The Saudi investment king who no longer rules alone

Reuters
Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all......

German cartel office examining Apple’s tracking rules

Reuters
A man looks at the screen of his mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register BERLIN, June 14 (Reuters) – Germany’s cartel office is looking into Apple’s (AAPL.O) rules......

U.S. bill to rein in Big Tech backed by dozens of small and big companies

Reuters
WASHINGTON, June 13 (Reuters) – Dozens of companies and business organizations sent a letter to U.S. Congress members on Monday, urging them to support a bill that would rein in the biggest tech companies such as Amazon.com (AMZN.O) and Alphabet’s (GOOGL.O) Google. Last week, Democratic U.S. Senator Amy Klobuchar and......

Dutch watchdog says Apple to offer other payment methods in dating apps

Reuters
The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register June 11 (Reuters) – The Netherlands’ antitrust watchdog on Saturday said Apple......

Apple to fund pay-later loans off its own balance sheet

Reuters
A smartphone with the Apple Pay logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustratio Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Apple Inc (AAPL.O) plans to fund loans for its forthcoming Apple Pay Later service off......

Spotify expects to reach $100 billion in revenue in 10 years

Reuters
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Spotify Technology SA (SPOT.N) on Wednesday said it expects......

EU agrees single mobile charging port in blow to Apple

Reuters
IPhone 12 phones are seen at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 7 (Reuters) – Apple (AAPL.O) will have to change the connector on iPhones sold in Europe......

‘Top Gun’ heirs sue Paramount over ‘Top Gun: Maverick’

Reuters
June 6 (Reuters) – The family of the author whose article inspired the 1986 Tom Cruise movie “Top Gun” on Monday sued Paramount Pictures for copyright infringement over this year’s blockbuster sequel “Top Gun: Maverick.” According to a complaint filed in Los Angeles federal court, the Paramount Global (PARA.O) unit......

Wall St slides as solid jobs data supports rate hike bets

Reuters
Apple weighs the most on all three major indexes U.S. job growth beats expectations in May Indexes down: Dow 0.79%, S&P 1.40%, Nasdaq 2.29% June 3 (Reuters) – U.S. stock indexes fell on Friday after a solid jobs report appeared to give the Federal Reserve a green light to continue......

Apple to improve working hours for retail staff – Bloomberg News

Reuters
An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register June 2 (Reuters) – Apple Inc (AAPL.O) will make work schedules for retail staff......

Elon Musk tells Tesla staff: return to office or leave

Reuters
June 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees on Tuesday night and seen by Reuters. “Everyone at Tesla is required to spend a minimum of 40 hours in......

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